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Ballard Spahr LLP

1909 K STREET, NW, 12TH FLOOR, WASHINGTON DC 20006-1157, USA
Tel:
Work +1 202 661 2200
Fax:
Fax +1 202 661 2299
Email:
Web:
www.ballardspahr.com

Richard Andreano

Tel:
Work 1.202.661.2271
Email:
Web:
www.ballardspahr.com
Ballard Spahr LLP

Work Department

Business and Transactions

Position

Partner and Practice Leader of Ballard Spahr’s Mortgage Banking Group

Career

Richard J. Andreano, Jr., is Practice Leader of Ballard Spahr’s Mortgage Banking Group. Mr. Andreano advises financial and settlement services clients on federal and state regulatory compliance and transactional matters, and administrative examinations, enforcement actions and investigations. He counsels on a variety of RESPA, TILA, ECOA, Fair Housing Act, FCRA, HMDA, GLBA, UDAAP and Federal Housing Administration issues. Representative matters include TRID rule, ability to repay/qualified mortgage, loan originator and branch manager compensation, fair lending, information sharing, affiliated business arrangement, marketing arrangement, lead generation, and flood insurance matters. He is the principal contact for the firm in its role as federal consumer regulatory counsel to the Real Estate Services Providers Council, Inc. (RESPRO).

Admissions: District of Columbia, Virginia

Publications:

Author, MBA Compliance Essentials Loan Originator Compensation Rule Resource Guide. Co-author, MBA Compliance Essentials TILA RESPA Integrated Disclosure (TRID) Resource Guide. Editor-in-chief and contributing author, Mortgage Finance Regulation Answer Book, published by the Practising Law Institute.

Member

Fellow, American College of Consumer Financial Services Lawyers; American Bar Association

Education

George Washington University Law School (J.D. 1983),
State University of New York, Oneonta (B.A. 1980)


United States: Finance

Financial services regulation

Within: Financial services regulation

With practitioners situated throughout the country, including in the Midwest following its merger with Minnesota-based Lindquist & Venuum, Ballard Spahr LLP has the critical mass and depth of expertise to provide a 'very knowledgeable and responsive service' to clients across the gamut of issues affecting their consumer finance businesses. The team is 'regularly and meaningfully engaged in rule-making and legislative proposals and has contacts within the agencies to be able to clarify matters when needed'. Recently the recipient of a lifetime achievement award from the American College of Consumer Financial Services Lawyers (and one of 11 lawyers within the team accepted as a member of the ACCFSL), Philadelphia-based team head Alan Kaplinsky has tremendous credibility in the industry and is regularly engaged by industry bodies, including the American Bankers Association (ABA) and the Consumer Bankers Association (CBA), to provide comment letters on behalf of their members to the CFPB. A leading authority on the use of arbitration provisions in consumer financial services contracts, Kaplinsky had a pivotal role in repealing the final Arbitration Rule, which prohibited the use of class action waivers in arbitration agreements thereby conferring considerable financial benefits on the industry by avoiding a potential floodgate of class action claims. The firm has also forged a strong reputation in the fintech space, particularly with regard to marketplace lending. Based out of the firm's Philadelphia office, John Culhane provides 'solutions-oriented advice', particularly as it relates to student lending law. Other recommended practitioners include Washington DC-based mortgage banking specialists Richard Andreano and John Socknat; Philadelphia-based Mark Furlettti, who heads the firm's Telephone Consumer Protection Act team; and Washington DC-based payments expert Christopher Ford, who joined in August 2018 from Morrison & Foerster LLP. Scott Pearson left to join Manatt, Phelps & Phillips, LLP.

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